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judymcconville@roadrunner.com 2017-05-01 11:38:57 -07:00
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@ -353,7 +353,7 @@ The +CSV+ opcode when evaluated in a UTXO's redeem script, allows spending only
As with CLTV, the value in +CSV+ must match the format in the corresponding +nSequence+ value. If +CSV+ is specified in terms of blocks, then so must +nSequence+. If +CSV+ is specified in terms of seconds, then so must +nSequence+. As with CLTV, the value in +CSV+ must match the format in the corresponding +nSequence+ value. If +CSV+ is specified in terms of blocks, then so must +nSequence+. If +CSV+ is specified in terms of seconds, then so must +nSequence+.
Relative timelocks with +CSV+ are especially useful when several (chained) transactions are created and signed, but not propagated, when they're kept "off-chain". A child transaction cannot be used until the parent transaction has been propagated, mined, and aged by the time specified in the relative timelock. One application of this use case can be seen in <<state_channels>> and <<lightning_network>>. Relative timelocks with +CSV+ are especially useful when several (chained) transactions are created and signed, but not propagated, when they're kept "off-chain". A child transaction cannot be used until the parent transaction has been propagated, mined, and aged by the time specified in the relative timelock. One application of this use case can be seen in <<state_channels>> and <<lightning_network>>.((("", startref="relativetime07")))((("", startref="Trelative07")))
+CSV+ is defined in detail in BIP-112 https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki[CHECKSEQUENCEVERIFY]. +CSV+ is defined in detail in BIP-112 https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki[CHECKSEQUENCEVERIFY].